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....3m tonnes of cargo last year, benefiting both consumers and business in the EU and the UK. “We have engaged extensively with the aviation industry already, and will continue to work closely with it to better understand the risks and opportunities ahead to ensure it continues to be a major success story for the British economy. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 09:33:08 AM
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.... . That is a shame, because there is growing evidence that insurance doesn't just provide peace of mind, but is a vital element of a healthy economy. ... [Read full article on BBC ]
Monday 20th of March 2017 12:02:25 AM
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....Last year's referendum result, she added, "was not just about leaving the EU" but was a vote for a "change in the way the country works". "Part of that is building a strong economy and ensuring that the benefits of economic growth and prosperity are felt across every part of the UK. ... [Read full article on BBC ]
Monday 20th of March 2017 11:39:42 AM
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.... . Chris Williamson, chief business economist at Markit, said: "It remains likely that policymakers will adopt an increasingly dovish tone in coming months, despite the rise in inflation, as the economy slows due to consumers being squeezed by low pay and rising prices. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:34:06 AM
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....Many of the decisions we make in business and government are based on data that we assume is accurate. So if you undermine the authenticity of that data - and our trust in it - you can potentially bring an economy to its knees, experts warn. ... [Read full article on BBC ]
Tuesday 21st of March 2017 12:11:20 AM
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...."Half of people who own a home have no borrowings. The unearned and largely untaxed money they have made simply by living in their property isn't recorded in inflation figures but it is a significant part of what maintains house prices and drives the economy. ... [Read full article on BBC ]
Friday 17th of March 2017 10:06:40 AM
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....However, the report showed there were still around 570 new coal-fired plants in pre-construction around the world, prompting the industry to reject the notion it was struggling. Benjamin Sporton, chief executive of the World Coal Association, said: “Yes, China, is reducing the number of coal-stations but not because it’s transitioning away from coal, instead the new dynamics is a signal of a more developed economy. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 12:01:20 AM
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.... As people, rather than “victims”, refugees are not economically different from anyone else. The only thing that makes the economic lives of refugees distinct from those of citizens or other migrants is the regulation that affects whether or not they can participate fully in the economy. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:00:27 AM
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....German Finance Minister Wolfgang Schauble said the meeting had reached an impasse when it came to the issue, and added that his counterparts could not "force partners" - read the United States - "to go along with wording with which they don't agree". Mr Schauble insisted that there had been "a lot of goodwill" at the meeting, but whether that goodwill extends to the future trade relationship with the world's largest economy is now very much in doubt. ... [Read full article on BBC ]
Saturday 18th of March 2017 03:22:36 PM
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.... The London Taxi Company’s impressive new factory and R&D facility showcases the innovation that makes the UK a world leader in the development of new automotive technologies,” he said. “Through our ambitious industrial strategy, we are committed to building on our strengths and taking advantage of the opportunities the new low-carbon economy provides. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 07:51:15 AM
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....Such charges are to be scrutinised by the Downing Street-commissioned review into modern employment practices led by Matthew Taylor. Frank Field, the chair of the Commons work and pensions select committee, said he would press Taylor “to look closely at this rip-off practice which again shows how the odds are stacked against the low paid in Britain’s gig economy”. ... [Read full article on Guardian ]
Sunday 19th of March 2017 03:48:49 PM
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.... “Throughout the financial crisis and the housing market crash, students still went to school. They [investors] see it as such a resilient market – no matter how bad the economy gets students will still rent rooms. ... [Read full article on Guardian ]
Thursday 16th of March 2017 03:40:59 PM
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....In promotional leaflets handed to developers and investors, the prime minister, Theresa May, said the UK was “open for business” and was “more committed than ever to creating the most business-friendly environment possible”. May said “attracting investors to the whole of the UK’s real estate” would be a key driver of the UK economy in the post-Brexit world. ... [Read full article on Guardian ]
Thursday 16th of March 2017 06:42:56 PM
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.... Before the Bank's decision, the index had hit a mid-session high of 7,444. The Bank of England, led by governor Mark Carney, expects the UK economy to grow fairly briskly this year, at a rate of 2%. ... [Read full article on BBC ]
Thursday 16th of March 2017 12:38:45 PM
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.... The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:30:27 AM
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...."Yes, China, is reducing the number of coal-stations but not because it's transitioning away from coal. Instead, the new dynamics is a signal of a more developed economy," said Benjamin Sporton. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 07:44:04 AM
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. Britain must Brexit-proof its economy by ramping up spending on research and development or risk being left behind in the global race to deliver game-changing innovations in areas such as space tourism and robotics, the country’s leading business group has said. ... [Read full article on Guardian ]
Monday 20th of March 2017 07:01:30 AM
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.... “MPs have historically had outside jobs,” said James Duddridge, MP for Rochford and Southend East. “If he can combine being an MP with running the economy he should manage editing a local paper. ... [Read full article on Guardian ]
Friday 17th of March 2017 12:51:44 PM
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....". He said Screwfix was the "standout performer", demonstrating the resilience of the UK economy following the EU referendum last June. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 09:18:25 AM
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.... Such a tax should be part of a broader plan to manage the consequences of the robotics revolution. All taxes, except a “lump-sum tax”, introduce distortions in the economy. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 11:18:12 AM
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....According to polling data from YouGov, 75% of 18- to 24-year-olds voted to remain in the EU. Three-quarters of the millionaires surveyed by UBS said they thought Brexit would have a positive impact on the overall UK economy in the long term, despite the collapse in the value of the pound since the referendum and concerns that it may be more difficult for the UK to trade goods and service after it leaves the EU. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:35:35 AM
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.... It’s a multibillion-dollar thing that affects many people all over the world,” said Ian M Ralby, the author of the analysis, which follows up on a study published in January. “These are global concerns because they affect the global economy and they affect global security,” he added. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:12:54 PM
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. Companies operating in the gig economy are “having their cake and eating it” by treating workers like staff while avoiding the tax and regulations on employing people on full-time contracts, according to a study. ... [Read full article on Guardian ]
Friday 17th of March 2017 12:01:02 AM
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....But for now, minutes of the latest policy meeting showed eight members of the MPC felt that the current 0. 25% base rate and electronic money-printing programme were appropriate to support the post-referendum economy amid signs that slower pay growth and rising inflation were damping consumer spending. ... [Read full article on Guardian ]
Thursday 16th of March 2017 12:10:58 PM
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....“Our warped economic model leads to more unequal societies that trap millions of people in poverty - it allows an elite group to accrue extreme wealth while one in nine people go to bed hungry every night,” Max Lawson, Oxfam’s head of inequality policy, said. “We need to build a more human economy where the super-rich pay their fair share of tax, workers earn a living wage, and governments invest in decent healthcare and education to give everyone a good start in life. ... [Read full article on Guardian ]
Monday 20th of March 2017 12:28:52 PM
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....Economic reform is often synonymous with reducing labour costs and increasing after-tax profit, because much of the debate is generated by those whose view of the world and position in life is benefitted by such outcomes. But many of these styles of reform are most suited to an economy that might be passing us by – one where output is greatly disconnected from employment. ... [Read full article on Guardian ]
Saturday 18th of March 2017 09:01:55 PM
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....Theresa May backs plans for an overhaul of workers’ rights to reflect 21st-century employment practices, according to the chair of Downing Street’s review into modern work. Matthew Taylor, a former adviser to Tony Blair who was appointed by the prime minister to lead the review into the gig economy, said he would be recommending changes to the rights of self-employed workers when his review was published in June. ... [Read full article on Guardian ]
Monday 20th of March 2017 12:25:37 AM
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....In mid-afternoon trading the index was 38 points higher at 7,406 points. Neil Wilson at ETX Capital said the message from the US central bank was "the US economy is firing, but inflation is not going to be an issue. ... [Read full article on BBC ]
Thursday 16th of March 2017 03:47:19 PM
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. UK interest rates should be raised, despite risks in the economy, according to a member of the Bank of England's rate-setting committee. ... [Read full article on BBC ]
Thursday 16th of March 2017 11:52:03 PM
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.... . The meat industry plays an important part in the Brazilian economy, with exports worth more than $12bn (£9. ... [Read full article on BBC ]
Monday 20th of March 2017 08:39:48 PM
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Latest Finance News related to Economy

The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
....A lower oil price this year would be excellent news, not least for Downing Street and the Bank of England. It would dampen the currency-inspired inflation in other parts of the economy. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
....Markets have become increasingly impatient with the new Trump administration for failing to follow through on pledges to use a package of tax cuts and infrastructure spending to raise the US growth rate. Share prices have risen steadily since Trump defeated Hillary Clinton in last November’s race for the White House amid optimism that the US could be on the point of breaking out of the low-growth path evident since the world’s biggest economy emerged from recession almost eight years ago. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
....Rebecca Long-Bailey, the shadow energy secretary, said: “Over 4 million people are living in fuel poverty across Britain so the announcement today of astronomical pay increases for certain energy company CEO’s must feel like a kick in the teeth to those families who will sit shivering tonight because they cannot afford to put on the heating. This is another clear example of the Tories’ rigged economy. ...
UK households most downbeat about finances since 2013 image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:35:41 PM
.... The Bank blamed the sharp fall in sterling feeding through to higher prices, reducing households’ purchasing power. At the same time, the weaker pound and stronger world economy had led to a “marked rise” in export volume growth and business investment intentions had picked up, pointing to modest growth in company spending this year, the Bank’s report said. ...
Why robots should be taxed if they take people's jobs | Robert Shiller image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:18:12 AM
.... Such a tax should be part of a broader plan to manage the consequences of the robotics revolution. All taxes, except a “lump-sum tax”, introduce distortions in the economy. ...
UK-based airlines told to move to Europe after Brexit or lose major routes image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 09:33:08 AM
....3m tonnes of cargo last year, benefiting both consumers and business in the EU and the UK. “We have engaged extensively with the aviation industry already, and will continue to work closely with it to better understand the risks and opportunities ahead to ensure it continues to be a major success story for the British economy. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....". He said Screwfix was the "standout performer", demonstrating the resilience of the UK economy following the EU referendum last June. ...
What everyone assumes about rights in the gig economy is wrong | Jason Moyer-Lee image
. So Matthew Taylor, Theresa May’s appointee to lead an inquiry into the so-called “gig economy”, has called for employment rights for the self-employed. ...
Do not let Brexit ruin car industry, urges chair of London Taxi Company image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 07:51:15 AM
.... The London Taxi Company’s impressive new factory and R&D facility showcases the innovation that makes the UK a world leader in the development of new automotive technologies,” he said. “Through our ambitious industrial strategy, we are committed to building on our strengths and taking advantage of the opportunities the new low-carbon economy provides. ...
Plans for coal-fired power plants drop by almost half in 2016 image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:44:04 AM
...."Yes, China, is reducing the number of coal-stations but not because it's transitioning away from coal. Instead, the new dynamics is a signal of a more developed economy," said Benjamin Sporton. ...
UK millionaires think Brexit will make them even richer, survey finds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:35:35 AM
....According to polling data from YouGov, 75% of 18- to 24-year-olds voted to remain in the EU. Three-quarters of the millionaires surveyed by UBS said they thought Brexit would have a positive impact on the overall UK economy in the long term, despite the collapse in the value of the pound since the referendum and concerns that it may be more difficult for the UK to trade goods and service after it leaves the EU. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
.... The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. ...
Coal in 'freefall' as new power plants dive by two-thirds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:01:20 AM
....However, the report showed there were still around 570 new coal-fired plants in pre-construction around the world, prompting the industry to reject the notion it was struggling. Benjamin Sporton, chief executive of the World Coal Association, said: “Yes, China, is reducing the number of coal-stations but not because it’s transitioning away from coal, instead the new dynamics is a signal of a more developed economy. ...
London cycle courier 'was punished for refusing work after eight hours in cold' image
.... Excel, which is in liquidation and currently operating as part of CitySprint, is not contesting the case. Boxer’s case is the latest in a string of tribunals against gig economy employers and the second of four relating to the employment status of couriers being backed by the Independent Workers Union of Great Britain. ...
Oil theft 'provides billions for terrorists and drug cartels' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:12:54 PM
.... It’s a multibillion-dollar thing that affects many people all over the world,” said Ian M Ralby, the author of the analysis, which follows up on a study published in January. “These are global concerns because they affect the global economy and they affect global security,” he added. ...
UK wages will soon lag behind prices – will the Bank take action? | Larry Elliott image
....But Carney will have to justify the Bank’s inactivity as inflation moves further above its target during the spring or summer. He could argue that Threadneedle Street does not need to raise interest rates when the economy is set to slow anyway. ...
Government borrowing falls in February image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:02:34 AM
....5% to £280bn. Howard Archer, chief UK and European economist at IHS Markit, said Chancellor Philip Hammond was "clearly keen to keep fiscal ammunition up his sleeve - due to the major uncertainties and downside risks that the economy faces as it navigates its way out of the EU". ...
UK inflation rate leaps to 2.3% image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:34:06 AM
.... . Chris Williamson, chief business economist at Markit, said: "It remains likely that policymakers will adopt an increasingly dovish tone in coming months, despite the rise in inflation, as the economy slows due to consumers being squeezed by low pay and rising prices. ...
Fake data threat image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:11:20 AM
....Many of the decisions we make in business and government are based on data that we assume is accurate. So if you undermine the authenticity of that data - and our trust in it - you can potentially bring an economy to its knees, experts warn. ...
Brazil meat scandal: China and EU suspend imports image
Source : BBC [Read Article] Monday 20th of March 2017 08:39:48 PM
.... . The meat industry plays an important part in the Brazilian economy, with exports worth more than $12bn (£9. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
. Financial markets seem convinced that the recent surge in business and consumer confidence in the US economy will soon be reflected in “hard” data, such as GDP growth, business investment, consumption, and wages. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
....“Our warped economic model leads to more unequal societies that trap millions of people in poverty - it allows an elite group to accrue extreme wealth while one in nine people go to bed hungry every night,” Max Lawson, Oxfam’s head of inequality policy, said. “We need to build a more human economy where the super-rich pay their fair share of tax, workers earn a living wage, and governments invest in decent healthcare and education to give everyone a good start in life. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
....Last year's referendum result, she added, "was not just about leaving the EU" but was a vote for a "change in the way the country works". "Part of that is building a strong economy and ensuring that the benefits of economic growth and prosperity are felt across every part of the UK. ...
Brexit-proof the UK economy with more R&D, say employers image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
. Britain must Brexit-proof its economy by ramping up spending on research and development or risk being left behind in the global race to deliver game-changing innovations in areas such as space tourism and robotics, the country’s leading business group has said. ...
New roads in England create more traffic, rural campaigners claim image
Source : Guardian [Read Article] Monday 20th of March 2017 07:00:30 AM
.... saloon bar policy-making won the day”. Ralph Smyth, the head of infrastructure and legal at CPRE, said: “This a programme that will for ever fail on its own terms, producing a depressing, self-perpetuating cycle of more and more roads that do little for the economy and harm the countryside. ...
PM backs plans to overhaul workers' rights to reflect gig ecomomy image
Source : Guardian [Read Article] Monday 20th of March 2017 12:25:37 AM
....Theresa May backs plans for an overhaul of workers’ rights to reflect 21st-century employment practices, according to the chair of Downing Street’s review into modern work. Matthew Taylor, a former adviser to Tony Blair who was appointed by the prime minister to lead the review into the gig economy, said he would be recommending changes to the rights of self-employed workers when his review was published in June. ...
Blurred lines? image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:25 AM
.... . That is a shame, because there is growing evidence that insurance doesn't just provide peace of mind, but is a vital element of a healthy economy. ...
UK Mail driver who was unable to work after car accident charged £800 image
....Such charges are to be scrutinised by the Downing Street-commissioned review into modern employment practices led by Matthew Taylor. Frank Field, the chair of the Commons work and pensions select committee, said he would press Taylor “to look closely at this rip-off practice which again shows how the odds are stacked against the low paid in Britain’s gig economy”. ...
The Observer view on George Osborne as editor of the Evening Standard image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
.... Perhaps he wants to be able to dish it out to an audience far beyond Westminster. But he has small chance of being able to stay on the front foot when rough trade starts – even if the economy founders through long months of withdrawal. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
....Moreover, there is a small but growing group of low-paid workers who face deepening insecurity as they are denied access to basic employment rights. There has been much focus on the new gig economy: digital platforms such as Uber and Deliveroo that allow supposedly self-employed workers to sell services. ...
An automated world is coming but can we make sure no-one is left behind? | Greg Jericho image
....Economic reform is often synonymous with reducing labour costs and increasing after-tax profit, because much of the debate is generated by those whose view of the world and position in life is benefitted by such outcomes. But many of these styles of reform are most suited to an economy that might be passing us by – one where output is greatly disconnected from employment. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....“If we were a petrol state and our only economic activity dropped in value by 75%, we would have had an enormous recession, and we have not. The Scottish economy is not dependent on oil and gas,” says the member for Aberdeen South. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... The Institute for Fiscal Studies (IFS) said average earnings would be no higher in 2022 than they were in 2007, and predicted that welfare cuts would compound the financial pain for many. Such forecasts bode ill for hopes that the UK economy can continue to show resilience in the face of Brexit-related uncertainty. ...
G20 finance ministers drop anti-protectionist pledge image
Source : BBC [Read Article] Saturday 18th of March 2017 03:22:36 PM
....German Finance Minister Wolfgang Schauble said the meeting had reached an impasse when it came to the issue, and added that his counterparts could not "force partners" - read the United States - "to go along with wording with which they don't agree". Mr Schauble insisted that there had been "a lot of goodwill" at the meeting, but whether that goodwill extends to the future trade relationship with the world's largest economy is now very much in doubt. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
.... But according to one of the UK’s top fund management groups, both are among the most overpriced shares on Wall Street, a stock market that under President Trump is – to use a phrase he rather likes – one of the most overrated in the world. We are at a strange juncture in financial history, with a madman in the White House, Britain breaking itself into pieces, interest rates on the march up (in the US at least), the economy barely bigger than it was a decade ago, Greece in desperate straits and global debt at eye-watering levels. ...
Buy your new car now to save thousands of pounds ahead of excise hike image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....Change +£2,260. This diesel-electric hybrid offers exceptional economy and a CO2 figure of just 48g/km. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
....For six years, Britain was governed by public schoolboys who were useless at almost everything apart from handing cash to their mates in the City and the housebuilding industry. They boasted of competence, yet tanked the economy so badly that British workers are suffering their worst decade for pay since the Napoleonic wars. ...
Are you getting enough sleep? image
Source : BBC [Read Article] Friday 17th of March 2017 04:21:11 PM
. If you aren't getting enough sleep, what does that mean for your health and your ability to do your job? And what does lack of sleep cost the global economy? . ...
Related to :
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
.... “MPs have historically had outside jobs,” said James Duddridge, MP for Rochford and Southend East. “If he can combine being an MP with running the economy he should manage editing a local paper. ...
Homes cost more than seven times income image
Source : BBC [Read Article] Friday 17th of March 2017 10:06:40 AM
...."Half of people who own a home have no borrowings. The unearned and largely untaxed money they have made simply by living in their property isn't recorded in inflation figures but it is a significant part of what maintains house prices and drives the economy. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
.... Just keep beating people until they realise the real economic growth was inside them all along. But if we want a flexible, entrepreneurial economy, the last thing you want is for everyone to be desperately scrambling from low-paid job to low-paid job, weighed down with crippling debts. ...
Downplaying Brexit to overseas investors won't help UK housing crisis | Dawn Foster image
....With homelessness and a lack of social housing plaguing the nation, it’s not obvious why anyone should worry about fewer gleaming yet unoccupied skyscrapers in big cities. But the commercial real estate sector contributes £94bn to the UK economy and accounts for 5. ...
Gig economy companies trying to have their cake and eat it, say workers image
. Companies operating in the gig economy are “having their cake and eating it” by treating workers like staff while avoiding the tax and regulations on employing people on full-time contracts, according to a study. ...
MPC member calls for interest rates to rise image
Source : BBC [Read Article] Thursday 16th of March 2017 11:52:03 PM
. UK interest rates should be raised, despite risks in the economy, according to a member of the Bank of England's rate-setting committee. ...
Stock markets soar across Europe as FTSE clocks up new high image
Source : Guardian [Read Article] Thursday 16th of March 2017 06:58:16 PM
....Amsterdam’s stock index jumped to a nine-year high after the Dutch prime minister, Mark Rutte, successfully fought off the challenge of the populist Geert Wilders. His victory helped to buoy shares in other European markets as it allayed fears of a tide of nationalist sentiment spreading across the continent, undermining the eurozone and its economy. ...
UK for sale? Ministers woo world's property developers in Cannes image
Source : Guardian [Read Article] Thursday 16th of March 2017 06:42:56 PM
....In promotional leaflets handed to developers and investors, the prime minister, Theresa May, said the UK was “open for business” and was “more committed than ever to creating the most business-friendly environment possible”. May said “attracting investors to the whole of the UK’s real estate” would be a key driver of the UK economy in the post-Brexit world. ...
FTSE 100 closes at record high image
Source : BBC [Read Article] Thursday 16th of March 2017 03:47:19 PM
....In mid-afternoon trading the index was 38 points higher at 7,406 points. Neil Wilson at ETX Capital said the message from the US central bank was "the US economy is firing, but inflation is not going to be an issue. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
.... “Throughout the financial crisis and the housing market crash, students still went to school. They [investors] see it as such a resilient market – no matter how bad the economy gets students will still rent rooms. ...
Child poverty in UK at highest level since 2010, official figures show image
Source : Guardian [Read Article] Thursday 16th of March 2017 02:45:20 PM
....“The prime minister spoke about injustice on entering Downing Street, but there is no greater burning injustice than children being forced into poverty as a result of government policy,” said the Child Poverty Action Group’s chief executive, Alison Garnham. The government said the wider household data showed the UK economy was strong. ...
UK interest rates kept on hold at 0.25% image
Source : BBC [Read Article] Thursday 16th of March 2017 12:38:45 PM
.... Before the Bank's decision, the index had hit a mid-session high of 7,444. The Bank of England, led by governor Mark Carney, expects the UK economy to grow fairly briskly this year, at a rate of 2%. ...
Bank of England keeps UK interest rates on hold as it warns on inflation image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:58 PM
....But for now, minutes of the latest policy meeting showed eight members of the MPC felt that the current 0. 25% base rate and electronic money-printing programme were appropriate to support the post-referendum economy amid signs that slower pay growth and rising inflation were damping consumer spending. ...
Ian and Greg Chappell call on Adani to abandon Carmichael mine project image
Source : Guardian [Read Article] Thursday 16th of March 2017 01:46:56 AM
....Christensen said in a statement: “Styling themselves as ‘prominent Australians’, these elitist wankers include investment bankers, CEOs of major corporations such as Telstra, pretentious literati, professional activists and has-been celebrities. “I’d love for just one of them to come down to the Larrikin Hotel in Bowen and explain to the locals there who have been suffering from a stalled economy for years on end, why they think the jobs from the Carmichael Mine and Abbot Point coal port expansion should not be created. ...
Low carbon drive 'cuts household bills' image
Source : BBC [Read Article] Thursday 16th of March 2017 12:13:08 AM
...."[But] the big energy companies are too quick to blame green policies from government for unjustifiable price increases. There are enormous opportunities in the UK moving to a low carbon economy. ...
Trump budget to cut foreign aid to pay for defence boost image
Source : BBC [Read Article] Thursday 16th of March 2017 12:07:20 AM
....The budget, known as a "skinny budget", will be limited to the $1tn portion of the $4tn annual federal budget that pays for US agencies and departments. The remainder of Mr Trump's budget, which will include proposals on taxes, mandatory spending and deficits and projections on the economy, will not come out until May. ...
Trump begins rollback of Obama's car pollution standards to curb emissions image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:22:11 PM
....Trump is also mulling whether to withdraw the US from the Paris climate accord. On Wednesday, an alliance of 1,000 US companies took out ads in Washington DC publications to urge Trump to stay in the deal and work towards a low-carbon economy. ...
US interest rate rise signals end of ultra-low borrowing costs image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:31:25 PM
....It could have been worse. That was Wall Street’s initial response to the decision by the US Federal Reserve to raise borrowing costs in the world’s biggest economy by a quarter of a point. ...
US raises benchmark interest rate by 0.25% image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:29:37 PM
....It is raising that band by a quarter of a percent. Fed Chair Janet Yellen said the committee judged that a "modest increase" in the rate was appropriate "in light of the economy's solid progress. ...
Slow burn image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:27:47 PM
....But, as so many have said, the financial crisis took us into territory very far from normal. What this series of moves tells us is that the Fed's policymakers think the US economy is in reasonably good shape, that it no longer needs the support provided by such very low interest rates. ...
US Federal Reserve raises interest rates to 1% in bid to hold off inflation image
....The central bank set aside concerns about the impact of higher interest rates on consumer spending to confirm analyst projections that it is prepared to increase rates several times this year to keep a lid on inflation as it rises above its 2% target level. The Fed’s chair, Janet Yellen, said a wide range of indicators showed the US economy was in rude health, allowing its interest rate setting committee to push rates back towards historically normal levels. ...
Southern reaches new agreement with train drivers' union Aslef image
Source : Guardian [Read Article] Wednesday 15th of March 2017 05:57:48 PM
....”. He said it had been “an extraordinarily difficult period for passengers, staff and the regional economy and we are glad we’ve found a way to move forward together”. ...
Hammond's NICs U-turn is a political disaster for the government | Larry Elliott image
.... Hammond only made matters worse by saying that the pledge did not cover NICs for the self-employed. The U-turn will provide a modest boost to the economy, because the self-employed will be better off than they otherwise would have been. ...
UK unemployment falls to joint lowest rate since 1975 but wages stall image
Source : Guardian [Read Article] Wednesday 15th of March 2017 11:27:55 AM
....“There are clear signs that households are beginning to suffer from a real income squeeze. Because household spending makes up around two-thirds of UK demand, this is the main reason why we see the economy slowing down over the course of this year. ...
Public sector workers first to face cut in real pay, says thinktank image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:32:43 AM
.... While private sector workers suffered wage freezes or worse, public sector pay improved, offsetting steeply rising inflation. But since the economy picked up in 2014 and prices flatlined, private sector workers have grabbed the lion’s share of inflation-busting wage rises. ...
Driverless cars 'could lead to complacency' image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:42 AM
....Tamzen Isacsson, SMMT director of communications, added: "Connected and autonomous cars will transform Britain's roads, dramatically increasing safety and reducing up to 25,000 serious accidents each year. "The UK automotive industry is leading the way in developing the cars of the future which will provide further benefits to society, creating over 300,000 jobs and adding more than £50 billion to our economy. ...
Brazil prosecutor targets politicians in Petrobras scandal image
Source : BBC [Read Article] Tuesday 14th of March 2017 11:19:32 PM
....He took power promising to tackle corruption and restore fiscal discipline as Brazil faces its worst recession on record. But he has lost several ministers following corruption allegations, and the investigations may hamper his efforts to revive the economy and restore confidence, correspondents say. ...
UK government should help companies targeted by foreign bids, says Unilever image
....The government is planning to publish draft proposals in the coming weeks that would outline how it would respond to foreign takeovers and bids for key infrastructure projects in the future. Theresa May has previously said the government should have more powers to block predatory bids for companies in important industries for the economy. ...
Seaton Delaval Coty closure could mean 400 jobs axed image
Source : BBC [Read Article] Tuesday 14th of March 2017 02:56:07 PM
....Councillor Grant Davey, leader of Northumberland County Council, described it as "worrying news". He said: "The loss of so many jobs would have a massive impact, not just on individuals and their families but also the wider economy and future prosperity of the area. ...
UK inflation basket: gin and cycling helmets dropped in image
Source : Guardian [Read Article] Tuesday 14th of March 2017 11:31:07 AM
.... The ONS uses it to collect about 180,000 individual prices each month from shops across the UK and online. It then uses weights for each item – their relative importance in calculating inflation – based on survey evidence of people’s spending, and comes up with an inflation figure for the whole economy. ...
Too many firms game the system. They should be transforming lives  | Aditya Chakrabortty image
.... I want you to meet him because he’s brilliant. But most of all, I want you to meet this 25-year-old because his tale shows you what can be done to fix both a life and an economy. ...
In the Hunt image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:03:41 AM
. The world's biggest National Hunt horse racing event canters into Cheltenham this week, providing a huge financial boost to both the sport and the local economy. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....Reacting to Mr Chote's comments a Treasury spokesperson said: "This government has reduced the deficit by nearly two thirds since 2010. "We are committed to fiscal discipline and to returning the public finances to balance as soon as possible in the next Parliament, while maintaining the flexibility to support the economy in the near term. ...
Brexit talks: five key challenges facing Theresa May image
Source : Guardian [Read Article] Monday 13th of March 2017 04:36:22 PM
....The final challenge facing May, according to Fitch, is to manage expectations and deal with the inevitable uncertainties that will arise. Financial markets will respond badly when the talks are not going well and domestic opponents of the government will blame May’s negotiating approach if the economy fares badly. ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
.... If everybody did this, both tax and national insurance revenue would collapse and along with them the welfare state – so the implicit logic is that it must be an exception. But since the crisis hit in 2008 it has beome the norm in many low-paid sectors of the economy. ...
VW diesel compensation stalls in UK image
Source : BBC [Read Article] Monday 13th of March 2017 11:52:52 AM
....It also insists: "This issue has not caused any loss of engine performance or any increase in running costs. Nor has it changed fuel economy figures, CO2 emission figures or the vehicles' tax status. ...

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